Freight is a Complex Payable

A complex payable is any type of payable that cannot be managed effectively without specialized tools and processes.

Freight invoices, like other complex payables, are characterized by:

High complexity – Freight invoices contain multiple charge items and often multiple pages/documents. Charges are tied to complex contracts and vary invoice to invoice, making the auditing process especially difficult.
High error rate – Freight invoices are notorious for containing errors and overcharges.
High content value – The data contained in freight invoices can be extraordinarily valuable when converted to actionable business intelligence.
Requirements for specialized process – Managing freight bills requires highly specialized systems that can be configured to meet a company’s audit, accounting and business intelligence requirements.

These reasons explain why most large organizations outsource the process to a specialty provider and why many of them turn to Cass.

Managing over $50 billion in supplier payments on behalf of our clients,

Cass helps businesses manage expenses and supplier payments–accurately, efficiently and on time–no matter how complex the business process, the pricing model, the contract, the discount schedule or the invoice. Some of the largest companies in the world trust Cass to deliver accurate insights into their costs for freight, utilities, telecom, mobility, waste, recycling and other expenses. Founded in 1906, Cass Commercial Bank is a wholly owned subsidiary and a Federal Reserve member bank that provides Cass and its clients with secure payment controls.

Cass Information Systems, Inc.

Headquarters:

12444 Powerscourt Drive, Suite 550

St. Louis, MO 63131

314-506-5500

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